Compare Interactive brokers vs Dukascopy
Interactive brokers
|
Dukascopy
|
||
---|---|---|---|
Established | 1978 | Established | 2004 |
Web | Web | ||
Country | UK | Country | Switzerland |
Regulation | Regulation | ||
Number of CFD asset classes | 5 | Number of CFD asset classes | 6 |
Broker type | ECN, STP | Broker type | ECN, MM |
Support | Support | ||
Deposit | 10 EUR/USD | Deposit | 100 EUR/USD |
Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. | Spreads | 1.02 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
Real Stocks and ETFs | Real Stocks and ETFs | ||
Platforms | Platforms | ||
Funding methods |
* Some of the payment methods may not be available in your country.
|
Funding methods |
* Some of the payment methods may not be available in your country.
|
Overall Broker Rating
If you don't want to read the entire comparison, we can say that the winner between Interactive brokers and Dukascopy is Interactive brokers. based on our evaluated parameters.
If you are interested in more rating parameters, you can continue reading the full comparison between these brokers. Our broker comparison is based on available information and parameters, and thus subjective. We recommend exploring other sources.
Broker Comparison: Interactive brokers vs Dukascopy
We compared Interactive brokers and Dukascopy to find out the key differences between these brokers. Our goal was to create a broker comparison to provide an overview of their features, fees, trading platforms, instruments, and more.
Below is the comparison of Interactive brokers VS Dukascopy
In our testing, we evaluated various aspects that we liked, disliked, or were indifferent about. We aimed to be objective and fair in assessing certain features based on what the broker offered compared to how competitive its fees are. Additionally, we created a unique rating system that we use to evaluate all brokers.
Key Broker Parameters
- Currency Pairs: Broker Interactive brokers offers a total of 22 currency pairs.
- Instruments: You can find over 100+ instruments at broker Interactive brokers.
- Currency Pairs: Broker Dukascopy offers a total of 64 currency pairs.
- Instruments: You can find over 593+ instruments at broker Dukascopy.
Educational Resources and Trading Platforms
Educational Resources:
- Client Webinars ,
- Has Education – CFDs ,
- Education ,
- Has Education – Forex ,
- Investor Dictionary (Glossary) ,
- Videos – Advanced Trading Videos .
Trading Platforms:
- Desktop Platform (Windows) ,
- Web Platform .
Educational Resources:
- Client Webinars ,
- Has Education – CFDs ,
- Has Education – Forex .
Trading Platforms:
- MetaTrader 4 (MT4) ,
- Desktop Platform (Windows) .
Pros and Cons: Interactive brokers
Pros
Broker Interactive brokers boasts a long and trouble-free history. Moreover, there is no minimum deposit required, which makes it easy to start trading even with smaller amounts. The broker also allows the purchase of fractional shares.
The availability of a demo account will offer testing of strategies without the risk of losses. Another advantage is the wide range of assets available for trading.
- Extremely low fees
- Wide range of products
- Many great research tools
- Low margin rates
- No inactivity fee and no withdrawal fee
Cons
The broker has several drawbacks associated with its platform and support. The platform, while sophisticated, can be complex, which can be a problem for newcomers.
- Complicated account opening process
- Complex services
- Understaffed customer service
- Average CFD and forex fees
- No bank card availability
Pros and Cons: Dukascopy
Pros
- Offers a wide range of trading instruments including Forex, metals, cryptocurrencies, CFD on indices, bonds, stocks, and binary options.
- Dukascopy provides high-quality trading platforms like JForex, MT4, suitable for both manual and automated trading.
- In addition to trading services, Dukascopy also offers banking services such as e-banking, credit cards, and currency exchange services.
Cons
- Trading conditions and proposals may vary depending on the country or regulatory authority under which trading takes place.
- Unlike some other brokers, Dukascopy does not offer the MetaTrader 5 (MT5) platform.
- Withdrawals may incur fees depending on the currency and withdrawal method.
- The fee structure is quite complex and varies according to the type of traded instrument and trading volume.
Licenses and Regulations Interactive brokers
Licences and regulation
Interactive Brokers is held in high esteem for its credibility, thanks to its multiple top-tier regulatory endorsements, which include
- Interactive Brokers Hong Kong LIMITED - SFC (Hong Kong)
- Interactive Brokers (U.K.) LIMITED - FCA (UK) registration no. 208159
- Interactive Brokers (INDIA) PVT. LTD - NSE, BSE registration no. NSE: INB/F/E 231288037 (CM/F&O/CD); BSE: INB/F/E 011288033 (CM/F&O/CD)
- Interactive Brokers Securities Japan INC - FSA (Japan)
- Interactive Brokers Australia PTY LTD - ASIC (Australia) registration no. ABN 98 166 929 568
- Interactive Brokers Canada INC - IIROC (Canada)
- Interactive Brokers LLC - SEC & CFTC (US)
Licenses and Regulations Dukascopy
Licences and regulation
Dukascopy is regulated by the following authorities:
- Dukascopy Dubai - DFSA (Dubai)
- Dukascopy Japan K.K. (Type-1 licensed broker) - JFSA (Japan)
- Dukascopy Europe IBS AS - FCMC (Latvia)
- Dukascopy Bank - Swiss Financial Market Supervisory Authority FINMA
Investments
# | Interactive brokers | Dukascopy |
---|---|---|
Currency Pairs (Total Forex pairs) | 22 | 64 |
CFDs – Total Offered | 100+ | 593+ |
Options CFD | Yes | No |
Share CFDs | No | No |
Forex CFD | Yes | Yes |
Commodities CFD | Yes | Yes |
ETF CFD | Yes | Yes |
Indicies CFD | Yes | Yes |
Cryptocurrency traded as actual | No | Yes |
Cryptocurrency traded as CFD | No | Yes |
Real Stocks and ETFs | Yes | No |
Investments rating | 62% | 75% |
Winner |
Cost
# | Interactive brokers | Dukascopy |
---|---|---|
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. | 1 | 1.02 |
Deposit from | 10 | 100 |
Account fee | No | No |
Inactivity fee | Yes | Yes |
Active Trader or VIP Discounts | No | No |
Withdrawal fees | No | No |
Deposit fees | No | No |
Cost rating | 80% | 80% |
Winner |
Trading app
# | Interactive brokers | Dukascopy |
---|---|---|
Desktop Platform (Windows) | Yes | Yes |
Web Platform | Yes | No |
Social Trading / Copy-Trading | No | No |
MetaTrader 4 (MT4) | No | Yes |
MetaTrader 5 (MT5) | No | No |
Currenex | No | No |
cTrader | No | No |
Trading Platforms rating | 100% | 100% |
Winner |
Trading Tools
# | Interactive brokers | Dukascopy |
---|---|---|
Financial leverage | Yes | Yes |
Virtual Trading (Demo) | Yes | Yes |
Alerts – Basic Fields | Yes | Yes |
Charting – Indicators / Studies (Total) | Yes | Yes |
Charting – Drawing Tools (Total) | Yes | Yes |
Charting – Trade From Chart | Yes | No |
Stop-Loss | Yes | Yes |
Finacial Calendar | Yes | Yes |
Daily financial news | Yes | Yes |
Order Type – Trailing Stop | Yes | No |
Trading Tools rating | 100% | 80% |
Winner |
Mobile Trading
# | Interactive brokers | Dukascopy |
---|---|---|
Android App | Yes | Yes |
Apple iOS App | Yes | Yes |
Alerts – Basic Fields | Yes | No |
SMS alerts | Yes | No |
Mobile Trading | Yes | No |
Mobile Trading rating | 100% | 40% |
Winner |
Research
# | Interactive brokers | Dukascopy |
---|---|---|
Daily Market Commentary | Yes | Yes |
Forex News (Top-Tier Sources) | Yes | Yes |
Weekly Webinars | Yes | Yes |
Social Sentiment – Currency Pairs | No | No |
Economic Calendar | Yes | No |
Research | Yes | No |
Research rating | 83% | 50% |
Winner |
Education
# | Interactive brokers | Dukascopy |
---|---|---|
Has Education – Forex | Yes | Yes |
Has Education – CFDs | Yes | Yes |
Client Webinars | Yes | Yes |
Videos – Advanced Trading Videos | Yes | No |
Investor Dictionary (Glossary) | Yes | No |
Education | Yes | No |
Education rating | 100% | 50% |
Winner |
Forex
# | Interactive brokers | Dukascopy |
---|---|---|
GBP/USD | Yes | Yes |
USD/JPY | Yes | Yes |
EUR/USD | Yes | Yes |
USD/CHF | Yes | Yes |
USD/CAD | Yes | Yes |
NZD/USD | Yes | Yes |
AUD/USD | Yes | Yes |
Major Forex Pairs rating | 100% | 100% |
Winner |
Commodities
# | Interactive brokers | Dukascopy |
---|---|---|
Gold | Yes | No |
Silver | Yes | Yes |
WIT Oil | Yes | Yes |
Brent Oil | Yes | Yes |
Coffee | Yes | Yes |
Cocoa | Yes | Yes |
Soybeans | Yes | No |
Rice | Yes | No |
Corn | Yes | No |
Platinum | Yes | No |
Palladium | Yes | No |
Commodities rating | 100% | 45% |
Winner |
Indicies
# | Interactive brokers | Dukascopy |
---|---|---|
DAX 40 | Yes | Yes |
S&P 500 | Yes | Yes |
Nasdaq | Yes | Yes |
Dow Jones | Yes | Yes |
Nikkei | Yes | Yes |
Indices rating | 100% | 100% |
Winner |
Cryptocurrencies
# | Interactive brokers | Dukascopy |
---|---|---|
Bitcoin | No | Yes |
Litecoin | No | Yes |
Ethereum | No | Yes |
Ripple | No | No |
Neo | No | No |
Stellar | No | Yes |
Cardano | No | No |
Tron | No | No |
Monero | No | No |
EOS | No | No |
Cryptocurrencies rating | 0% | 40% |
Winner |
Regulations
# | Interactive brokers | Dukascopy |
---|---|---|
Cysec | No | No |
ASIC (Australia) | No | No |
FCA (UK) | No | No |
Authorised in the European Union (EU) | Yes | No |
CFTC Registered (USA) | No | No |
FINMA (Switzerland) | No | No |
Regulations rating | 17% | 0% |
Winner |
Support
# | Interactive brokers | Dukascopy |
---|---|---|
Chat | Yes | Yes |
Phone | Yes | Yes |
Yes | Yes | |
Support rating | 100% | 100% |
Winner |
Overall
# | Interactive brokers | Dukascopy |
---|---|---|
Go to the full broker review | Interactive brokers | Dukascopy |
Win / Loss % | 50% | 41% |
Winner |